While the price tag on student debt continues to rise, President Obama has come up with an idea to perhaps make college more affordable; a college rating's system. The president has said "We need to rate colleges on who's gift the best value so students and taxpayers can get a bigger bang for their buck."
Choosing a college should be a informed decision. The President wants to offer consumers, prospective college students that is, a best way settle where they will put their money when it comes to higher education. Graduates deserve to have an end result that is positive, not just one of student loan debt and failing job opportunities after graduation.
learner Loan Debt: Obama's Plan For A College Rating's ideas
This may come in part from up-to-date lawsuits filed by previous students of positive colleges who claims their schools inflated employment statistics in an efforts to attract possible students. While selecting a school to attend, perspective students often times look at graduation and employment statistics. The higher the percentage, the best chances a graduate has of being thriving in the job market after graduation. Or so one may think.
While the estimate of student debt has toppled over the 41 trillion mark, many post-grad borrowers are seeing it more than difficult to regain gainful employment that will hold their educational debt as well their monthly expenses. With Obama's school rating system, student loan relief may come before the loans are even taken out. The ideas being that when students are more informed about the value of the study they are seeking, they will make best choices and thus be best consumers.
President Obama's college rating's ideas would consist of the following statistics:
* midpoint tuition
* Earning after graduation
